REAL ESTATEDebunk all of the industry's tall tales and discover the reality of real estate financingThe mortgage game has changed dramatically, and you need to know the rules! Based on years of firsthand experience as borrowers, mortgage and real estate brokers, instructors, and industry insiders, Ralph Roberts and Chip Cummings team up to wipe out all the myths about mortgages and deliver the information you need to purchase and secure profitable long-term investments.Here are some of the common myths that Roberts and Cummings dismantle:You should always make the biggest down payment you canYour main goal should be to find the lowest interest ratesShort-term investments are better than long-term investmentsYour credit score alone determines whether your loan gets approvedIt's okay to save home improvements and repairs for laterYour mortgage payment will never changeLow inflation means lower appreciation"The whole process starts by dealing with people you can trust. You can trust your first step with Chip and Ralph, as they have put together an incredible collection of truths brought to you by the biggest names in the business. Mortgage Myths tears down the wall between you and the home-buying process, exposes the real secrets to building equity, and gets you on the road to homeownership—the right way!"—Eric Weinstein, CEO, Carteret Mortgage Corporation"If you're even just thinking about buying a house, you need this book. It even includes key information, forms, and booklets that no home buyer should be without."—Ruth Faynor, National Education Consultant for the National Associationof Mortgage Brokers (NAMB) "Homeownership is the American dream. Too many times I've seen this dream go sour. We are in the business of making those dreams a reality, and Chip and Ralph have opened the doors! If you're a first- time homebuyer,